| With the purchase price of an ATV being much less | | | | buying an ATV, furniture, home improvements and a |
| than the average street motorcycle there are more | | | | variety of other things. Terms on ATV personal loans |
| options for financing your ATV than when purchasing | | | | will normally be up to 60 months and for excellent |
| a motorcycle. | | | | credit rates can be as low as the 5% - 8% range. |
| The goal of this article is to provide you a view of | | | | Bad credit applicants can also get approved for online |
| four popular types of ATV financing. Your success | | | | personal ATV loans, but the interest rate may be a |
| with each method will depend on if you have good or | | | | bit higher. |
| bad credit. | | | | 3. Credit Card ATV Financing |
| 1. Manufacturer ATV Financing | | | | If you are looking for a short term loan for your |
| It is likely that if you have spent any time looking at | | | | ATV purchase, a credit card may be a good option if |
| ATV magazines you have seen an advertisement or | | | | it has a good promotion. For instance some Visa, |
| two highlighting atv financing from top brands like | | | | Mastercard and discover cards offer 12 months no |
| Honda, Kawasaki, Suzuki and Yamaha. Usually these | | | | interest for new accounts. If you can afford to pay |
| advertisements have a very low minimum payment | | | | off your ATV purchase at the end of 12 months this |
| like $49. While the payment may look attractive you | | | | could be a great option for you to use. |
| should consider if this is the best ATV loan for you. | | | | 4. Hybrid Atv Financing |
| In deciding if a manufacturer loan is best, you need | | | | The hybrid Atv financing method typically uses a |
| to consider the terms. For instance, look at how long | | | | combination of financing options. One popular method |
| the promotional term lasts. If it is 24 months will you | | | | is to use a short term manufacturer financing |
| have enough to payoff your outstanding loan on the | | | | promotion and then when the promotion period ends |
| 25th month because making the $49 payment does | | | | you transfer your loan to another promotion on a |
| not pay off the loan? If not your interest rate will | | | | Visa, Mastercard or Discover card. |
| increase to the standard rate of 17%-22% and your | | | | For instance, you could get Honda Financing for 24 |
| minimum payment will also increase. | | | | months on a Honda promotion and then transfer that |
| If you have the cash to pay off your loan at the | | | | loan to a Discover card promotion and get 0% |
| end of 24 months than the promotion may be a | | | | interest for 12 month. |
| good thing for you, if not then you should probably | | | | Hybrid Atv Financing is a bit complicated and requires |
| opt for a fixed rate installment loan that is offered | | | | some planning. It is also a bit risky because you are |
| by most online lenders and has a fixed rate for a long | | | | betting that companies will be running the same |
| term. | | | | promotion in 24 months that they are today. |
| Manufacturer ATV financing is typically more suitable | | | | This type of financing is typically not recommended |
| for those with good credit rather than bad credit | | | | for those with poor credit or that are not very |
| applicants. | | | | financially savvy. |
| 2. Online Atv Financing | | | | In the end, the fact that the average ATV is less |
| With online ATV financing you will get fixed rate | | | | costly than a motorcycle will allow you more options |
| ATV financing for a specific term. These loans are | | | | to finance your purchase. You just have to think |
| normally called personal loans meaning that they can | | | | creatively and look at all the offers in the market for |
| be used for a variety of personal reasons such as | | | | financing everyday purchases. |